Frequently Asked Questions
How much money do I need to start trading?
Most Forex brokers offer full contracts or mini contracts which allow you to trade with as little as $300 in your account. If your new to forex trading using Mini contracts is a great way of learning the ropes without risking too much money. You can trade as much or as little as you like. The Clear Traders system will send you the entry and exit signals. It's up to you which signal you'd like to trade.
Does the system really work?
It certainly does! We've been using and developing the system for over 5 years. If you want to see the proof for yourself, you can use the analysis feature to backtest the system and see just how well it has performed. Also the strategies included in the Clear Traders Online Trading System have been around for decades and are widely used amongh professional traders.
Is this a black box trading system?
No this is not a black box trading system. There are no secrets, just the right mix of technical indicators combined into an innovative online solution. We advise that you use the Clear Trading Signals as just one component in your trading tool box. Clear Traders can easily fit within you daily market analysis and research.
Where do you get your market data?
Clear Traders uses a live market data feed from IQ Feed and Barclays. The data is real-time tick by tick market data.
Is this a black box trading system?
No this is not a black box trading system. There are no secrets, just the right mix of technical indicators combined into an innovative online solution. We advise that you use the Clear Trading Signals as just one component in your trading tool box. Clear Traders can easily fit within you daily market analysis and research.
How are the signals generated?
Clear Traders trading strategies are based on many of the most popular trading systems and technical indicators. These include Moving Averages, RSI, Bollinger Bands, Support and Resistance. Clear Traders has also developed a range of custom indicators.
Where do I place my stop loss?
The Clear Traders trading strategies includes a stop loss strategy so you don't have to worry about when to exit your trades. The close(stop) signals are sent instantly to your email address and your mobile phone via SMS.
Can my partner use my account too?
Yes you can, we at Clear Traders understand many people trade as a couple. Maybe you trade at nights and your partner trades during the day. Clear Traders philosophy is to fit into your trading shedule. The only limit we place on your account is that only one person can be logged in at the same time.
What is the Forex market?
Forex is short for Foreign Exchange market. The Forex Market is the largest and most liquid financial market in the world. Daily trading on the Forex market and Forex related markets is continously growing and was last reported to be over US$ 4 trillion traded per day.
What is a trading system?
A trading system is simply a set of rules the trader uses to determine whether or not to buy, sell or stay out of the market. The aim of a trading system is to take the emotion out of trading and keep a clear head. The system should also consistently make profits. Trading is about winning and losing but with a good trading system like Clear Traders your winning trades will exceed your losing trades over time.
What Forex markets do you include?
The Clear Trading System currently covers all the major international markets. These include the
- US Dollar
- Canadian Dollar
- Euro
- Japenese Yen
- Swiss Franc
- British Pound
- Australian Dollar
Do you have a question you'd like answered? Contact Us with your questions.
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